Automated Breast Ultrasound Systems (ABUS) Market by End-user and Geography - Forecast and Analysis 2022-2026

The automated breast ultrasound systems (ABUS) market share is expected to increase by USD 669.68 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.8%.

This automated breast ultrasound systems (ABUS) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automated breast ultrasound systems (ABUS) market segmentations by end-user (diagnostic centers and hospitals and clinics) and geography (North America, Europe, Asia, and Rest of World (ROW)). The automated breast ultrasound systems (ABUS) market report also offers information on several market vendors, including Siemens AG, Becton Dickinson and Co., Blessing System, Canon Inc., CapeRay Medical (Pty) Ltd., Carestream Health Inc., Delphinus Medical Technologies Inc., Esaote SpA, FUJIFILM Holdings Corp., Hitachi Ltd., Hologic Inc., iVu Imaging Corp., Koninklijke Philips NV, MetriTrack Inc., QT Imaging Inc., QView Medical Inc., Seno Medical Instruments Inc., Shantou Institute of Ultrasonic Instruments Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., SonoCine Inc., SuperSonic Imagine SA, and General Electric Co. among others.

What will the Automated Breast Ultrasound Systems (ABUS) Market Size be During the Forecast Period?

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Automated Breast Ultrasound Systems (ABUS) Market: Key Drivers, Trends, and Challenges

The increasing demand for breast imaging products owing to the growing prevalence of breast cancer cases is notably driving the automated breast ultrasound systems (ABUS) market growth, although factors such as software corruption in ultrasound machines may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automated breast ultrasound systems (ABUS) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automated Breast Ultrasound Systems (ABUS) Market Driver

The increasing demand for breast imaging products owing to the growing prevalence of breast cancer cases is one of the key drivers supporting the automated breast ultrasound systems (ABUS) market growth. The number of people with breast cancer is constantly increasing. Factors such as family history, age, obesity, breast density, high alcohol consumption, exposure to estrogen, radiation therapy, and hormone replacement therapy treatments increase the number of breast cancer cases. According to the World Health Organization (WHO), in 2020, 2.3 million women were diagnosed with breast cancer, and there were 685,000 deaths due to breast cancer globally. Therefore, with the growing incidences of breast cancer, the demand for ABUS is expected to increase during the forecast period.

Key Automated Breast Ultrasound Systems (ABUS) Market Trend

Funding and capital investments for the development of ABUS is one of the key automated breast ultrasound systems (ABUS) market trends that is contributing to the market growth. Companies are focusing on improving breast imaging by developing technologically advanced products. For instance, in February 2019, QT Ultrasound, a privately held company, engaged in the R and D and commercialization of an innovative automated breast imaging system producing high-resolution transmission ultrasound images. QT Ultrasound, through its QTscan, introduced no radiation, no compression, and no injection technology for diagnosing breast cancer and received the FDA 510(K) clearance for the same. Therefore, the growing funding and capital investments for the development of ABUS are expected to increase the growth of the market during the forecast period.

Key Automated Breast Ultrasound Systems (ABUS) Market Challenge

Software corruption in ultrasound machines is one of the factors hindering the automated breast ultrasound systems (ABUS) market growth. The main reason behind software corruption is the improper shutdown of the machine after operating it. Many users are impatient, and instead of waiting for the system to switch off, they directly shut down by switching off the main power. Thus, the software gets corrupted due to the abrupt shutdown. Such failures increase the maintenance and repair costs of ABUS. Such high costs will limit the automated breast ultrasound systems (ABUS) market growth during the forecast period.

This automated breast ultrasound systems (ABUS) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automated breast ultrasound systems (ABUS) market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automated breast ultrasound systems (ABUS) market during the forecast period.

Who are the Major Automated Breast Ultrasound Systems (ABUS) Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Siemens AG
• Becton Dickinson and Co.
• Blessing System
• Canon Inc.
• CapeRay Medical (Pty) Ltd.
• Carestream Health Inc.
• Delphinus Medical Technologies Inc.
• Esaote SpA
• FUJIFILM Holdings Corp.
• Hitachi Ltd.
• Hologic Inc.
• iVu Imaging Corp.
• Koninklijke Philips NV
• MetriTrack Inc.
• QT Imaging Inc.
• QView Medical Inc.
• Seno Medical Instruments Inc.
• Shantou Institute of Ultrasonic Instruments Co. Ltd.
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• SonoCine Inc.
• SuperSonic Imagine SA
• General Electric Co.

 

This statistical study of the automated breast ultrasound systems (ABUS) market encompasses successful business strategies deployed by the key vendors. The automated breast ultrasound systems (ABUS) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• CapeRay Medical (Pty) Ltd - Under the unified segment, the company manufactures medical imaging equipment for the diagnosis of breast cancer.
• CapeRay Medical (Pty) Ltd - The company offers automated breast ultrasound systems such as Aceso. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automated breast ultrasound systems (ABUS) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automated Breast Ultrasound Systems (ABUS) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automated breast ultrasound systems (ABUS) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Automated Breast Ultrasound Systems (ABUS) Market?

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32% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for automated breast ultrasound systems (ABUS) market in North America. Market growth in this region will be faster than the growth of the market in ROW.

The growing number of cancer-specialized hospitals and clinics will facilitate the automated breast ultrasound systems (ABUS) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, North America was severely impacted by the COVID-19 pandemic which had adversely impacted the regional market. However, the market recovered in 2021 due to the lifting of lockdowns and large-scale vaccination drives. This factor will drive the automated breast ultrasound systems (ABUS) market growth during the forecast period.

What are the Revenue-generating End-user Segments in the Automated Breast Ultrasound Systems (ABUS) Market?

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The automated breast ultrasound systems (ABUS) market share growth by the diagnostic centers segment will be significant during the forecast period. Diagnostic centers are equipped with different types of instruments, which can be used for medical imaging. These centers have specialists who, through the screening of the body, draw conclusions about the medical condition of a patient. Some of the major diagnostic methods used in diagnostic centers are X-rays, mammograms, ultrasounds, and MRI. Therefore, these centers are one of the growing end-users of ABUS. Moreover, companies are providing their products to different diagnostic centers to increase the adoption of their offerings. Such factors will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automated breast ultrasound systems (ABUS) market size and actionable market insights on post COVID-19 impact on each segment.

 

Automated Breast Ultrasound Systems (ABUS) Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 14.8%
Market growth 2022-2026	$ 669.68 million
Market structure	Fragmented
YoY growth (%)	14.23
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 32%
Key consumer countries	US, Canada, Germany, France, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Siemens AG, Becton Dickinson and Co., Blessing System, Canon Inc., CapeRay Medical (Pty) Ltd., Carestream Health Inc., Delphinus Medical Technologies Inc., Esaote SpA, FUJIFILM Holdings Corp., Hitachi Ltd., Hologic Inc., iVu Imaging Corp., Koninklijke Philips NV, MetriTrack Inc., QT Imaging Inc., QView Medical Inc., Seno Medical Instruments Inc., Shantou Institute of Ultrasonic Instruments Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., SonoCine Inc., SuperSonic Imagine SA, and General Electric Co.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automated Breast Ultrasound Systems (ABUS) Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive automated breast ultrasound systems (ABUS) market growth during the next five years
• Precise estimation of the automated breast ultrasound systems (ABUS) market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automated breast ultrasound systems (ABUS) industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automated breast ultrasound systems (ABUS) market vendors

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